BTV 2.33% 21.0¢ batavia mining limited

4 million atw shares $3,108,000 at last trade, page-2

  1. 3,267 Posts.
    ATW apart from the BTV purchase, has a gold mine in Western Australia which looks like providing cash flow .....
    From the web, a recent announcement (25 june) about the gold production...

    ATW Gold Corp.: Burnakura Surpasses 5,000 Ounces Gold Production-Commercial Production Achieved

    * Press Release
    * Source: ATW Gold Corp.
    * On Thursday June 25, 2009, 2:45 pm EDT

    VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 25, 2009) - ATW Gold Corp. (TSX VENTURE:ATW - News; "ATW" or the "Company") is pleased to report that it has completed the commissioning phase and achieved commercial production at its wholly owned Burnakura Gold Mine in Western Australia. Since mining and processing operations began on March 3rd, 2009, output has reached the point where this week's pour results in total recovered gold ounces surpassing the 5,000 ounce mark. Accordingly, effective June 1, 2009, the Company will begin reporting quarterly financial results of operations from the Burnakura Mine.

    As a result of Burnakura reaching the first targeted commercial level of 36,000 ounces annually, the planned expansion targeting 50,000 ounces of annual gold production is underway. Simulus Consultants of Perth, Australia, was contracted to complete plant optimization, which began on June 10, 2009.

    Simulus is a specialist process engineering consultancy with particular expertise in mine process simulation. The company offers full, multidisciplinary engineering capabilities related to process design and optimization through to project management and construction. With a portfolio of some 70 clients in 21 countries, Simulus is listed as a Fast100 Business in the 2007 Australia's top 100 growing businesses list and was awarded Australian Best Small Business of the Year in 2006.

    Brent Butler, President and CEO, stated: "We are very encouraged with the speed at which the ramp-up to commercial production at Burnakura was achieved. Efforts to maximize recoveries, output and throughput, will continue as our engineering teams work diligently to achieve the increased rate of 50,000 gold ounces per annum this year."
 
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